Postponement
| There are many
reasons why a trustee's sale may be postponed. As an example, a
bankruptcy or other legal proceedings may prevent the trustee from
conducting the sale on the scheduled date. The beneficiary is entitled to three separate postponements for their own reasons. The beneficiary and the property owner can agree on as many postponements as they wish. If there is a bankruptcy or legal proceeding, the sale can be postponed as many times as necessary to obtain a court order to allow the sale to take place. If a sale is postponed for any reason, an announcement must be made at the sale location as to the reason for the postponement as well as the next sale date. Free Foreclosure Buying Assistance
|
Please note: Some states may vary in their legal definitions, time frames, notice periods, requirements, and the foreclosure process.